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View GST Reverse Charge Supplies in GSTR-3B in TallyPrime

For TallyPrime 2.1 & earlier

|For TallyPrime 3.0 & later|

The Reverse Charge Supplies report in TallyPrime displays transactions of purchases and journal vouchers recorded for stock items under reverse charge. With this report, you can:

• Get a quick view of tax liability from reverse charge purchases.
• Record the adjustment entry to update liability and input tax credit in your books.

1. Press Alt+G (Go To) > type or select GSTR-3B, and press Enter.
2. Drill down from Reverse Charge Inward Supplies.
   
3. To view Liability/ITC Booked, press Ctrl+H (Change View), select Liability/ITC Booked, and press Enter.
   
   You can also use this report to record journal vouchers for booking the pending liability and updating the liability in books of accounts.

View Total Eligible Input Tax Credit (ITC)

Knowing the eligible ITC allows you to avoid:

• Experiencing loss by claiming less ITC.
• Attracting penalties by claiming excess ITC.

1. Press Alt+G (Go To) > type or select GSTR-3B, and press Enter.
   
2. Drill down further from the Inward supplies liable to reverse charge or any other relevant section under Eligible ITC.
   
   You can view the transaction for which ITC can be availed.

View Input Tax Credit (ITC) to be Booked

You would want to know the balance ITC to be booked and claim it in the selected period.

1. Press Alt+G (Go To) > type or select GSTR-3B, and press Enter.
   
2. Press Enter on Input Credit to be Booked.
3. On the row of the relevant month, press Alt+F5 (Detailed).
   
   Based on the transactions, the report appears for purchases under reverse charge, import of services and import of goods.
4. Drill down further from the relevant month to view other details of the transactions.
   
5. Press F8 (Show Purchases/Journals) to view the purchase/journal vouchers recorded in the selected month.
   Alternatively, press Ctrl+B (Basis of Value) > set Show Vouchers of as Purchases or Journals.

Questions & Answers

1. How can I identify reverse charge liabilities that are pending accounting entries?
   Drill down from Reverse Charge Inward Supplies in GSTR-3B to view RCM transactions and spot liabilities that are yet to be booked in the books.
   
   
2. How can I verify whether all eligible ITC from RCM purchases has been claimed?
   Open the Eligible ITC section in GSTR-3B and drill down to review transaction-level ITC available against reverse charge purchases.
   
   
3. How can I track Input Tax Credit that is still pending to be booked?
   Use the Input Credit to be Booked view to see the balance ITC pending against reverse charge transactions for a selected period.
   
   
4. Can I analyze RCM purchases and journal vouchers separately while reviewing ITC?
   Press F8 (Show Purchases/Journals) or Ctrl+B (Basis of Value) to filter and review purchase vouchers and journal vouchers independently.